NJ Sports Betting: Place Your Bets Today!
New Jersey has been at the forefront of legalizing sports betting in the United States, following the Supreme Court’s ruling in 2018 that allowed states to regulate and legalize it. The state now has one of the largest and most prosperous sports betting markets, with over dozen online platforms including well-known brands like DraftKings and FanDuel, offering legal sporting bet for a variety of sports, including niche options like darts and esports. In addition to traditional pre-game betting, live or in-game betting is also available, allowing users to bet on ongoing events.
The Division of Government Enforcement is responsible for regulating the industry, ensuring fair play, and benefiting both bettors and bookmakers. By following New Jersey’s example, other states have also developed their own regulated sports betting industries. Overall, the New Jersey sports betting market provides a secure, regulated, and exciting way to engage with your favorite sports while potentially earning money.
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New Jersey Sports Betting History
New Jersey has a history of sports betting, but it was prohibited by the Professional and Amateur Sports Protection Act (PASPA) in 1992, which limited sports betting to just four states. However, New Jersey voters passed a law in 2011 legalizing sports betting, which was challenged by major sports leagues.
The Supreme Court declared PASPA unconstitutional in 2018, allowing individual states to legalize sports betting. New Jersey passed a new law soon after, allowing sports betting at racetracks, casinos, online, and through mobile apps. As a result, New Jersey has become one of the biggest sports betting markets in the country, with billions of dollars in wagers placed annually. Daily fantasy sports are also regulated by the state under NJ online sports betting.
New Jersey Betting Laws and Regulations
The legalization of sports betting in New Jersey was a long and challenging process, with the state’s initial attempts failing to pass gambling legislation, leading to a legal battle that stretched across several years. However, the case was eventually heard by the United States Supreme Court in May 2018, which ultimately ruled in favor of the state.
The first in-person wager was placed soon after a revised bill allowing casinos and racetracks to set up on-site retail sportsbooks was approved in 2018 in response to the legalization of fantasy sports betting. Governor Phil Murphy later approved Assembly Bill 4111 in June of the same year, legalizing both online and offline sports betting, with the first online sportsbook, DraftKings NJ, going live in August 2018.
A land-based partner is required by law for online sports betting companies, and each casino is allowed to run up to three online identities under one license. The price of licenses was set at $100,000 for conventional gambling and $400,000 for online gambling, including fees for responsible gaming.
Casinos and racetracks are subject to taxes of 8.5% and 13% for land-based and online wagers, respectively, with racetracks paying an additional 1.25% for online wagers. Additionally, all sports wagers are subject to a federal tax of 0.25%.
10 Quick Facts About Sports Betting in New Jersey
Here are 10 facts about sports betting in New Jersey:
- Sports betting was initially legalized in New Jersey in 2012, but lawsuits from major sports organizations delayed its implementation until 2018 when a new legislation was established.
- In September 2021, New Jersey had its first monthly handling of $1 billion.
- Individuals must be 21 years or older to legally place bets on sports in NJ online sports betting.
- Affiliate personnel are not allowed to place bets on their own sports.
- There are no residency restrictions, but bets must be made within the state’s borders.
- It is legal to bet on professional and college sports.
- Betting on in-state collegiate programs or tournaments held in New Jersey is not permitted.
- Betting on high school or tournaments where the majority of participants are under 18 is strictly prohibited.
- Individuals on gambling self-exclusion lists are not allowed to bet on daily fantasy sports.
- Betting on election and weather is not allowed, but bets can be placed on entertainment events such as the Oscars or Emmys.
Top 5 New Jersey Sportsbook
Here are the top six sportsbooks for NJ sports betting:
FanDuel Sportsbook
- FanDuel sportsbook and horseracing is one of the most popular sportsbooks in New Jersey, offering a wide range of sports and betting options. The user-friendly platform is easy to navigate, and there are a number of promotional offers and bonuses available to new and existing customers. FanDuel also offers a mobile app, allowing users to place bets from anywhere in the state.
DraftKings Sportsbook
- DraftKings is another top sportsbook in New Jersey, offering competitive odds and a range of sports to bet on. The platform is easy to use, and there are a number of features available, such as live betting and cash-out options. DraftKings also offers a sports betting app, allowing users to place bets on the go.
BetMGM Sportsbook
- BetMGM has a vast selection of sports available for betting and is ideal for NFL, soccer, and pregame wagering. It also has a great user experience. There are a number of promotional offers and bonuses available to new and existing customers. BetMGM also offers a mobile app, making it easy to place bets from anywhere in the state.
William Hill Sportsbook
- William Hill is a well-known name in the sports betting industry, and the William Hill Sportsbook in New Jersey lives up to that reputation. It offers a wide range of betting options on various sports events such as football, basketball, baseball, hockey, soccer, tennis, and more. It also offers the most lucrative sportsbook promotions, allowing users to place bets from anywhere in the state.
PointsBet Sportsbook
- PointsBet is a newer sportsbook in New Jersey, but it has quickly become popular due to its unique PointsBetting system. This system allows users to place bets on a range of sports, with their winnings or losses determined by how much they win or lose by. The platform also offers a range of traditional betting options, as well as live betting and cash-out options. PointsBet also has a mobile app, making it easy to place bets from anywhere in the state.
Complete List of NJ Legal Online Sportsbooks
Here is a list of legal online sportsbooks available in New Jersey to place best bets, as of 2023.
- DraftKings Sportsbook.
- FanDuel Sportsbook.
- BetMGM Sportsbook.
- William Hill Sportsbook.
- PointsBet Sportsbook.
- SugarHouse Sportsbook.
- 888sport Sportsbook.
- Caesars Sportsbook.
- Borgata Sportsbook.
- Resorts Sportsbook.
- FOX Bet Sportsbook.
- Hard Rock Sportsbook.
- Golden Nugget Sportsbook.
- Unibet Sportsbook.
- Bet365 Sportsbook.
Comprehensive List of Legal Land-based NJ Sportsbooks
Here is an updated list of legal land-based sportsbooks in New Jersey as of 2023:
- Borgata Race & Sportsbook.
- Golden Nugget Sportsbook.
- Hard Rock Atlantic City Sportsbook.
- Harrah’s Sportsbook.
- Meadowlands Racetrack Sportsbook.
- Monmouth Park Sportsbook by William Hill.
- Ocean Resort Casino Sportsbook.
- Resorts Casino Hotel Sportsbook.
- Tropicana Atlantic City Sportsbook.
- Wild Wild West Sportsbook at Bally’s Atlantic City.
- FanDuel Sportsbook at Bally’s Atlantic City.
- Caesars Atlantic City Sportsbook.
- DraftKings Sportsbook at Resorts Atlantic City.
The Book at Bally’s Hotel & Casino
Please note that this list may be subject to change and it’s always important to double-check with official sources for the latest information.
How To Start Betting In New Jersey?
Betting is allowed and regulated in New Jersey as a result of the state’s pioneering role in overturning the federal ban on sports betting in 2018. Here’s everything you need to know if you want to get started betting in New Jersey:
Choose a Legal Sportsbook
There are many online sportsbooks that are licensed and regulated in New Jersey, such as DraftKings, FanDuel, BetMGM, and PointsBet. You can also place bets in-person at the state’s casinos and racetracks.
Create an Account
You’ll need to create an account once you’ve chosen a sportsbook. This typically involves providing name, email address, and other personal information.
Verify Your Identity
You’ll need to verify your identity before you can start betting to comply with New Jersey’s gambling laws. This may involve uploading a copy of your ID and providing additional information.
Make a Deposit
You’ll need to back your account with some money to place bets. Most sportsbooks accept credit cards, bank transfer, and other payment methods. Some may also offer sports betting sign bonuses or promotions for new users.
Place Your Bets
You can initiate placing bets once your account is capitalized. New Jersey allows betting on a wide range of sports, including football, basketball, baseball, hockey, and more. You can bet on individual games, futures, and prop bets.
Withdraw Your Winnings
You can withdraw your winnings using the same payment method you used to make your deposit if you win. Some sportsbooks may have withdrawal limits or fees, so be sure to check the terms and conditions.
New Jersey Sports Betting Bonuses and Promotions
Sports betting has been legal in the state of New Jersey since 2018, and since then, numerous sportsbooks have popped up offering various bonuses and casino promotions to attract new customers and retain existing ones. Let’s discuss some of the popular bonuses and promotions offered by New Jersey sportsbooks.
Welcome Bonus
A welcome bonus is a common offer by most sportsbooks. It is designed to attract new customers to sign up and make their first deposit. The welcome bonus usually comes in the form of a deposit match or a free bet. For example, a sportsbook may give a 100% deposit match up to $500. This means that if you deposit $500, the sportsbook will match it, giving you a total of $1000 to bet with. Alternatively, the sportsbook may offer a free bet of up to $500 for new customers.
No Deposit Bonus
A no deposit casino bonus is another popular offer by sportsbooks. This offer is usually for new customers who sign up and verify their account. The sportsbook will then credit the customer’s account with a small amount of money to use for betting. For example, a sportsbook may offer a $10 no deposit bonus.
Risk-Free Bet
A risk-free bet is an offer that allows customers to place a bet without any risk. If the bet loses, the sportsbook will refund the bet amount in the form of site credit or a free bet. For example, a sportsbook may offer a risk-free bet of up to $500. If the customer places a bet of $500 and loses, the sportsbook will refund the $500 in the form of site credit or a free bet.
Reload Bonus
A reload bonus is an offer that is available to existing customers who make a deposit. The sportsbook will match a percentage of the deposit, usually between 25% and 50%. For example, a sportsbook may offer a 50% reload bonus up to $250. If the customer deposits $500, the sportsbook will match 50% of the deposit, giving the customer a total of $750 to bet with.
Odds Boost
An odds boost is an offer that increases the odds of a specific bet. This offer is usually available for a limited time and may apply to a specific game or event. For example, a sportsbook may offer an odds boost for the Super Bowl, increasing the betting odds for a specific team to win.
Refer a Friend Bonus
A refer a friend bonus is an offer that rewards existing customers for referring new customers to the sportsbook. The existing customer will receive a bonus, usually in the form of site credit or a free bet, for each successful referral.
In conclusion, these are some of the popular betting bonuses and promotions offered by New Jersey sportsbooks. It is important to read the terms and conditions of each offer before signing up or claiming a bonus.
New Jersey Sports Betting Payment Options
New Jersey sports betting sites offer a variety of deposit and withdrawal options. Here are some common options:
Deposit Options:
- Credit/Debit Cards: Many sports betting sites accept Visa and Mastercard deposits.
- E-Wallets: Popular e-wallets like PayPal and Skrill are accepted by most NJ sportsbooks.
- Bank Transfers: You can transfer funds directly from your bank account to your sports betting account.
- Prepaid Cards: Some sportsbooks offer prepaid cards that can be purchased at retail locations and used to fund your account.
- PayNearMe: You can make cash deposits at select 7-Eleven locations using the PayNearMe service.
Withdrawal Options:
- E-Wallets: You can withdraw your winnings directly to your PayPal or Skrill account.
- Bank Transfers: You can transfer your winnings directly to your bank account.
- Check: Some sportsbooks will send you a physical check in the mail.
- Cash at Casino Cage: You can withdraw your winnings in person at the casino cage of the sportsbook’s partner casino.
It’s important to note that different sportsbooks may have different deposit and withdrawal options, as well as varying processing times and fees. Be sure to check the terms and conditions before choosing sportsbook or casino games for real money.
Frequently Asked Questions (FAQs)
Yes, sports betting has been legal in New Jersey since the Supreme Court’s decision in 2018.
New Jersey allows betting on professional and college sports events, including online betting and in-person betting at casinos and racetracks.
Anyone who is at least 21 years old and within the state’s borders can place a sports bet in New Jersey.
The most common sports to bet on in New Jersey are baseball, basketball, and football.
College sports betting is legal in New Jersey, but it’s not allowed to wager on teams or events that take place at in-state universities.
You can place a sporting bet in New Jersey at licensed casinos, racetracks, and online sportsbooks.
The minimum age to place a sports bet in New Jersey is 21 years old.
Yes, online sports betting is legal in New Jersey, and there are several licensed online sportsbooks to choose from.
The tax rate on sports betting winnings in New Jersey is 8.5%.
No, you cannot bet on sports from other states while in New Jersey. You must be physically located within the state to place a bet.